A $500,000 mortgage at 6.5% annual interest rate over 25 years requires a monthly payment of $3,376.04.
Over the life of the loan, you will pay a total of $1,012,810.74, of which $512,810.74 is interest — 50.6% of your total payments.
Use the calculator above to adjust the loan amount, term, or interest rate to find the mortgage that fits your budget.